Verizon Looks to Expand in Canada

Verizon is in talks to acquire one, and maybe two, struggling Canadian mobile-phone carriers, as it mulls a push north of the border. Ben Dummett joins MoneyBeat.

This transcript has been automatically generated and may not be 100% accurate.

... write to Mitsuru exploring expansion of its mobile business into Canada ... but it's finding that the already crowded market the great White North ... WSJ reporter did Ben Dummett ... joins us from Toronto talk about it ... I've been so Verizon huge huge name down here are a ... not so big in Canada Mimi bill will become a big one ... well I think is a good chance mean ... wat ppl here's the Prices entrance here ... came the start of the of ... the real game changer I mean ... the Canadian government's been trying for years to love ... foster competition ... against Canada's dominant ... carriers wireless providers PC Alison Rogers ... without much success at all ... aam certainly don't see ... the current new entrants startup companies are trying to compete freely ... failed miserably since they entered the market a couple years ago ... mom ... so bottom Verizon I mean they may not be known they may not have the name brand here but they ... we obviously have the heft in the financial muscle to to come in the year end ... and make a substantial investment on ... to build up in LA network a robust network that debt ... and provide the kind handsets ... at reasonable prices than John ... McCain government hopes will happen in order to outright prices down here in Canada and Canada as had ... seen starkly some of ... the highest prices for mobile phone services and the waiver I devoted to it is is and the new store that are looking to buy into the business right ... he added there they're looking to buy on ... the ... curly there looking to buy wind Ball bought which is key ... the most successful of green ... not terribly successful startups in in Canada ... well when Momo has for jumbo six hundred thousand customers ... and they've ... they've ... attracted a number of customers of about ... two or so years ... comparatively I mean Rogers which is the ... biggest was costly Canada has over nine million ... aam ... but then if you can characterize them as your postal hundred million so that's what people are ... pretty excited about that ... release of consumer is the stock market in the shareholders of the ... PC talents and out ... Rogers Our critique Lee am ... happy about that but down ... the App By Buying by buying when they gain a foothold ... I am ... and you'll have access to Wynn's existing network and customer base ... and they could use that as a base to ALM ... to personally participate in the upcoming ... spectrum wireless options and Keating governments can hold ... up an auction for the next-generation ... wireless ... networks aam ... at the beginning of ... the ... end of ... the income and on mobile listening to another deal Verizon's working capital ... city is ... mobile is Jesus ... smaller start-up ... bone compared to a home ... immobile and it's it's surely the more I mean it's on the verge of bankruptcy ... and I'll what we understand is that ... the goal for Verizon is to buy when immobile in it that successful it would consolidate Mobilicity ... Mobilicity's on holders actually have a meeting ... next week to decide whether or not to keep the company afloat ... which is likely in the whole they're hoping that ... by keeping afloat the next few months ... well we'll see this bright students in the market in Bible carriers ok and I think you're a much appreciated ... thank you ...